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goodness we have more natural gas than the rest of the world combined and it's driven by the technological improvements and a five or ten year technological lead than the countries we're competing with. it's interesting, paul, if you look the at the last three or four years, now what industry has created more than any other industry in the united states. >> paul: the electric car industry, steve? (laughter) >> no, not that one. oil and gas and the thing that's so amazing, the president is doing almost everything he can to try to hold this back with regulations and with not allowi allowing permitting most of the oil and gas development is going out on private land and where the president has to get with the program because we could literally create millions more jobs if we get this story right. >> paul: jim, the consequences here economically are big for downstream production, things like manufacturing. >> right. >> that had left the, i talked to one ceo, dow chemical, who had planned years ago never to build another plant in the united states and now making a 4 billion dollar bet on manuf
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trained in science, technology, those kinds of things. i think there are exciting opportunities. i think immigration reform has a possibility. >> on competitiveness across the globe, are corporate tax rates too high in america? >> i think they should be brought down but that has got to be part of a bigger deal. we can't just bring them down and not pay for them. it will be closing the subsidies whether it's the oil subsidy, whether it's looking at some of the other ones. so if we could get some grand deal and i think it could happen, where businesses are onboard. not everyone will like it but where you bring the business rates down in exchange for taking those levels on the bush tax cuts for people making over $250,000, clothing subsidies and loopholes and then adding in the spending cuts, that's how we do it and put the business community onboard in part by making these reductions in the corporate tax rate. >> senator klobuchar, congratulations on everything. >> congratulations. good luck. >> okay. >> up next, a big development in u.s. oil production with potentially major implications
Search Results 0 to 5 of about 6 (some duplicates have been removed)